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JPMorgan Chase CEO Jamie Dimon said Tuesday that bankruptcies in the U.S. auto market are a sign that corporate lending standards grew too lax in the past decade-plus.

Dimon, the longtime leader of the largest U.S. bank by assets, was speaking about the recent collapse of auto parts firm First Brands and subprime car lender Tricolor Holdings.

"We've had a credit bull market now for the better part of what, since 2010 or 2012? That's like 14 years," Dimon told CNBC on a call with reporters.

"These are early signs there might be some excess out there because of it," Dimon said. "If we ever have a downturn, you're going to see quite a bit more credit issues."

Dimon used more colorful language about the Tric

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